Illinois General Assembly - Bill Status for SB2368
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 Bill Status of SB2368  102nd General Assembly

Short Description:  PENCD-COLA-TRS COST SHIFT

Senate Sponsors
Sen. Kyle McCarter

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-103.3
40 ILCS 5/2-119.1from Ch. 108 1/2, par. 2-119.1
40 ILCS 5/2-124from Ch. 108 1/2, par. 2-124
40 ILCS 5/2-126from Ch. 108 1/2, par. 2-126
40 ILCS 5/14-114from Ch. 108 1/2, par. 14-114
40 ILCS 5/14-131
40 ILCS 5/14-133from Ch. 108 1/2, par. 14-133
40 ILCS 5/15-136from Ch. 108 1/2, par. 15-136
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155
40 ILCS 5/15-157from Ch. 108 1/2, par. 15-157
40 ILCS 5/16-133.1from Ch. 108 1/2, par. 16-133.1
40 ILCS 5/16-152from Ch. 108 1/2, par. 16-152
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
40 ILCS 5/18-125.1from Ch. 108 1/2, par. 18-125.1
40 ILCS 5/18-131from Ch. 108 1/2, par. 18-131
40 ILCS 5/18-133from Ch. 108 1/2, par. 18-133
30 ILCS 805/8.37 new


Synopsis As Introduced
Amends the Illinois Pension Code. In the 5 State-funded retirement systems: (1) increases employee contributions; (2) decreases the annual increase in retirement annuities; (3) adds funding guarantee language and authorizes a mandamus action against the State; and (4) specifies that State pension funding is subordinate to certain debt service. In the Teachers' Retirement System, provides for the incremental shifting of responsibility for employer contributions from the State to the actual employers, contingent upon the State funding certain school programs. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/15/2013SenateFiled with Secretary by Sen. Kyle McCarter
  2/15/2013SenateFirst Reading
  2/15/2013SenateReferred to Assignments
  3/6/2013SenateAssigned to Executive
  3/6/2013SenateTo Subcommittee on Special Issues (EX)
  3/14/2013SenatePostponed - Subcommittee on Special Issues
  3/22/2013SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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